Steve Jobs Takes Medical Leave

Jobs will take a leave of absence from the day to day operations of Apple, his second medical leave in two years. Jobs said that he will remain CEO but will not handle the day to day operation. Tim Cook the COO will be handling the day to day operation. Cook previously acted as CEO in Jobs’ 2004 absence.

In a email to employees Jobs said, he would be taking another medical leave to focus on his health. He also said, “I have great confidence that Tim and the rest of the executive management team will do a terrific job executing the exciting plans we have in place for 2011.” “I love Apple so much and hope to be back as soon as I can.”